Angeloni, Ignazio; Dedola, Luca - 2021
Skeptic views on EMU are usually cast around three arguments. First, the EU does not satisfy "Optimum Currency Area … significantly in recent years among EMU participants, implying a tendency towards a fulfillment of the OCA conditions. Second, we … provide evidence that the monetary policy rules followed by the EMU participating central banks have tended to converge. The …